T. Rowe Price Investment Management (PEB) discloses 4.8% stake in Pebblebrook

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. reports beneficial ownership of 5,451,790 shares of Pebblebrook Hotel Trust, representing 4.8% of the class. It has sole power to vote 5,419,396 shares and sole power to dispose of 5,451,790 shares, with no shared voting or dispositive power. The filer notes that it now holds 5 percent or less of the class and expressly denies being the beneficial owner of the securities for certain legal purposes.

Key Figures

Beneficially owned shares: 5,451,790 shares Percent of class: 4.8% Sole voting power: 5,419,396 shares +3 more

6 metrics

Beneficially owned shares 5,451,790 shares Amount beneficially owned by T. Rowe Price Investment Management, Inc.

Percent of class 4.8% Percentage of Pebblebrook Hotel Trust shares beneficially owned

Sole voting power 5,419,396 shares Shares over which the filer has sole power to vote

Shared voting power 0 shares Shares over which the filer has shared power to vote

Sole dispositive power 5,451,790 shares Shares over which the filer has sole power to dispose

Shared dispositive power 0 shares Shares over which the filer has shared power to dispose

Key Terms

beneficial owner, sole power to vote, sole power to dispose, percent of class

4 terms

beneficial owner financial

"shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole power to vote financial

"Number of shares as to which the person has | (i) Sole power to vote or to direct the vote"

sole power to dispose financial

"Sole power to dispose or to direct the disposition of: 5451790"

percent of class financial

"Percent of class: 4.8 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What percentage of Pebblebrook Hotel Trust (PEB) does T. Rowe Price Investment Management own?

T. Rowe Price Investment Management reports beneficial ownership of 4.8% of Pebblebrook Hotel Trust. This corresponds to 5,451,790 shares as disclosed in the Schedule 13G/A amendment.

How many PEB shares does T. Rowe Price Investment Management have voting power over?

T. Rowe Price Investment Management has sole voting power over 5,419,396 Pebblebrook Hotel Trust shares. It reports no shared voting power over any shares in this filing.

What is the total number of PEB shares beneficially owned by T. Rowe Price Investment Management?

The firm reports beneficial ownership of 5,451,790 Pebblebrook Hotel Trust shares. This same amount is listed as subject to its sole dispositive power in the ownership breakdown.

Does T. Rowe Price Investment Management share dispositive power over any PEB shares?

No. T. Rowe Price Investment Management reports 0 shares with shared dispositive power. All 5,451,790 shares it reports are under its sole dispositive power only.

What ownership threshold does T. Rowe Price Investment Management report relative to PEB’s class?

It states ownership of 5 percent or less of Pebblebrook Hotel Trust’s class. The specific percentage disclosed is 4.8%, as reflected in the Schedule 13G/A filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 10:42 AM Accepted by SEC EDGAR 08/14/2026 - 10:39 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

PEBBLEBROOK HOTEL TRUST

(Name of Issuer)

REIT

(Title of Class of Securities)

70509V100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 70509V100

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,419,396.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,451,790.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,451,790.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PEBBLEBROOK HOTEL TRUST
(b)	Address of issuer's principal executive offices: 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA, MD, 20814
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 70509V100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5451790
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5419396
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5451790
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2026